Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Finder Energy Holdings Limited is an Australia-based oil and gas exploration company. The Company has a portfolio of prospective exploration permits in the hydrocarbon basins, the North West Shelf (NWS) of Australia and the United Kingdom (UK) North Sea. The Company’s portfolio comprises interests in 10 permits located in on the NWS and the UK North Sea. The five permits on the NWS are exploration permits for petroleum and covers approximately 14,051 kilometer square (km2). The remaining five permits are made up of four Seaward Production (Innovate) licenses and Seaward Production (Promote) licenses and are located on the continental shelf of the Central and Northern North Sea and comprise an area of approximately 1,919 km2. The UK North Sea is divided into three areas, the Northern North Sea, Central North Sea, and Southern North Sea. Its subsidiaries include Finder No 1 Pty Ltd, Finder No 7 Pty Ltd, Finder Operations Pty Ltd, and Finder Energy UK Limited.
FDR - Finder Energy Holdings Ltd
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